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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Identify and describe the various types of wholesalers.

Summary Introduction

To determine: The various types of wholesalers.

Introduction: Wholesalers purchase from the producers and sell the products to the retailers. Retailers purchase from the wholesalers and sell the products to the buyers.

Explanation

The various types of wholesalers are as follows:

  • Agents and brokers: They are also called functional mediators. Functional brokers do not take name to goods. They carry out small number of few marketing activities and are remunerated a payment that is a level of the sales price...

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